Sage Group PLC (OTCMKTS:SGPYY) Sees Significant Drop in Short Interest

Sage Group PLC (OTCMKTS:SGPYY) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 288 shares, a decrease of 82.2% from the September 15th total of 1,619 shares. Based on an average daily volume of 22,141 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Sage Group Stock Up 3.4%

Shares of SGPYY opened at $57.00 on Friday. Sage Group has a 52-week low of $41.80 and a 52-week high of $63.09. The firm’s fifty day moving average is $55.48 and its two-hundred day moving average is $49.57.

Analyst Ratings Changes

SGPYY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a report on Friday, August 21st. Citigroup restated a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Finally, Investec upgraded shares of Sage Group to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Sage Group

Sage Group plc is a United Kingdom-based technology company that develops business-management software and services for small and midsized businesses. Its solutions are designed to help organizations manage accounting, financial reporting, payroll, human resources, payments and related administrative functions.

The company offers cloud-based products including Sage Business Cloud Accounting, Sage Intacct, Sage 50, Sage 200 and Sage X3, along with payroll, human resources and payment services.